Question

Rani bought a piece of cloth for Rs 950 and spent Rs 300 on designing it. At what price should she sell it to make 30% profit? 1) 1725 2) 1452 3) 1625 4) 1225 5) 1025

Answer 1

purchase price = 950

cost of improvisation = 300

Total Cost Price = 950 + 300 = 1250

Required Profit = 30%

we know that

Selling price = cost price + profit

Profit = cost Price× Profit Percentage = 1250×30% = 1250×30/100 = 37500/100 = 375

selling price =1250 + 375 = 1625

So option 3 is the answer

Answer 2

"3) 1625 is the correct answer

Actual cost price of cloth = Rs (950 + 300) = Rs 1250

To gain 30%, SP = (130*1250) /100= Rs 1625

Rani has bought the piece of cloth for Rs 950 and spent Rs 300 on designing it then at the 1625 price, it has been sold to the customers.

"